Planet Entrepreneurship

Posted by Bikhin7 Monday, December 8, 2008 0 comments

Take some time to view data on new business creation around the world. The measures of entrepreneurial activity are calculated from data collected directly from a registrar of companies and based on the number of total and newly registered corporations. Be sure to click on the color markers to learn more about each country.

Also, take alook at The 2008 World Bank Group Entrepreneurship Survey (WBGES) which measures entrepreneurial activity in over 100 countries/industrial countries around the world over the period of 2000-2007 and illustrates that entrepreneurship leads to prosperity for economies.

Additional information can be found here.


While in France, I had the pleasure of discovering the much-talked-about Laduree macaroon but did not have an opportunity to taste one. Do you know of it? It is considered the best-of-the-best of macaroon cookies.

These small, round cakes, crisp on the outside, smooth and soft in the middle, are made every morning in LadurĂ©e’s "laboratory." With each new season, LadurĂ©e pays tribute to this its most famous creation by creating a new flavour (pictured is the flavor for autumn --Macaroon Mangue Jasmine).
I am happy to advise that Laduree has a website but for the life of me, I cannot figure out if they ship "fresh to U.S." Can anyone help me out?

Check out Laduree here (but turn your computer's volume down first!) and explore their product offerings here.

You will understand why I crave a Laduree macaroon.

How To Expand Business In An Existing Overseas Market

Posted by Bikhin7 Friday, December 5, 2008 0 comments

As featured today in our Borderbuster newsletter (www.globetrade.com/borderbuster.htm) ...

Q: To Ask The Expert,


I want to expand my business in the market to which I currently export. What would you suggest that I do to increase exposure?

A: From Laurel,

Good to hear! You must be receiving an excellent return-on-your-export-investment to ask such a question. Presumably, you have already estimated the market potential of your product line. And I hope you know whether it is homogeneous or not. For example, there are three main languages -- German, French and Italian -- in tiny Switzerland. You must factor this diversification in when considering export expansion models.

There are a number of steps you can take to further expand and increase exposure. Here are eight:

1. Review your distributorship agreement to make sure you are not legally bound to have only one representative in the overseas market to which you are exporting. This is based on the assumption that you are expanding your market coverage with an existing product line.

2. Determine whether local practices or regulations limit the use of a single distributor. There are numerous advantages to single distribution -- from lower-cost shipping to more cost-effective advertising and marketing to greater clout in the marketplace. You need to think this through before you begin to expand.

3. Communicate with your agent or distributor by letting him or her know that you are eager to expand to other parts of the country. This should take place after you pre-clear Points 1 and 2. Ask if they are interested in representing your company in a new geographic area -- provided they have done a good job up until now -- and find out if they are willing and able to take on this new responsibility. If not, then request a referral to someone who might be. Agents and distributors network constantly. Attend the same trade shows and belong to the same trade associations.

4. Contact the chambers of commerce in the country where you wish to expand. Explain your market position and highlight where you plan to go next and why. Ask for help. That's why they are there.

5. Contact your local trade association and request membership lists of its counterpart groups overseas. See if one matches up to yours. Contact the members on the list to see if they are interested in working with you.

6. Contact a binational group that brings together expatriates and Americans for joint action or through interests in several areas -- political, cultural, business or linguistic. In most foreign
countries, binational chambers of commerce play a far more important role in the local business community than they do in the United States. Membership is considered a sense of pride. They can help you meet foreign companies interested in making contact with potential U.S. business partners.

7. Exhibit at a trade show in the country where you wish to expand. Check with local chambers of commerce, your trade association or your distributor. They should be able to provide you a listing of show dates related to your industry.

8. Set up a warehouse in the overseas market. As your business develops, you should consider setting up a warehouse in the market, stocked with goods to be sold by a salaried staff. This will ensure you have total control over your product and customer base.

By taking advantage of these tips, you can gain greater access to the area you are currently exporting to, increase sales and look for new representation.

Good luck and let us know what happens.

Additional: It can't hurt to check this out too.

Dubai International Financial Centre

Posted by Bikhin7 Thursday, December 4, 2008 0 comments

The Dubai International Financial Centre is considered one of the fastest growing international financial centers in the world -- along the likes of Hong Kong, London and New York (pre-global financial crisis).

Doing business in the free zone in Dubai requires you do some homework and hire an expert who knows the ropes to help you avoid any pitfalls. Alternatively, you can start on your own here by contacting these folks listed (notice that their email addresses are governmental) and ask specific questions based on your intent so you know where you stand when you do connect with an expert.

Start exploring now so you can be first up when opportunities abound.

An Inconvenient Truth About the Japanese Diet

Posted by Bikhin7 Wednesday, December 3, 2008 0 comments



The Japanese Ministry of Agriculture, Forestry and Fisheries (MAFF) put together a simple, easy to understand video that shows what's happening in the Japanese food (farming) industry and how, as a result of radical resource changes, Japanese diets are becoming quite unhealthy.

My takeaway: We should consider exporting cheap, high quality nutritional food items to Japan!

Openness, Innovation and Dynamism

Posted by Bikhin7 Tuesday, December 2, 2008 0 comments

That's what we are looking for in the global digital economy. Learn about the Center for Global Innovation and check out some of their published articles here.

Snapshot of one:

"Not So Flat After All" by Bret Swanson, Progress Snapshot 4.20, October 1, 2008

Which Way Will The Dollar Go?

Posted by Bikhin7 Monday, December 1, 2008 0 comments

Here's a glimpse into why the dollar is getting stronger. It's hard to say whether it will keep appreciating ... best to take a hybrid approach to globalization ... sprinkle it with imports, exports and a healthy dose of outsourcing. That way, no matter which way the dollar blows, you'll be poised to ride it out.